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Nov 29, 2012
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. >> there is a lot to be said for a wealth tax and especially a concrete wealth tax. >> bill: far left beginning to push for wealth tax that means the feds would confiscate private property. this is being kept very quiet but tonight you will hear all about it? >> gay marriage or accepting immigrants. >> you are absolutely right. they don't want to believe it's time to change it. >> rhode island governor chafee saying he will not save christmas because the times are a changing. we sent jesse wawfortsz -- watters up to rhode island to find out what the heck is going on. >> isn't it discriminating against christians by calling it a holiday tree? >> caution. you are about to enter the no spin zone. the factor begins right now. >> bill: i'm bill o'reilly, thanks for watching us tonight. america need leaders. in order to turn the country around -- and boy do we need that -- good leadership will have to step up. that means politicians who put you ahead of their own welfare. elected officials who are honest, intelligent and daring. we need that kind of leadership. it's one of the reasons i wro
. >> there is a lot to be said for a wealth tax and especially a concrete wealth tax. >> bill: far left beginning to push for wealth tax that means the feds would confiscate private property. this is being kept very quiet but tonight you will hear all about it? >> gay marriage or accepting immigrants. >> you are absolutely right. they don't want to believe it's time to change it. >> rhode island governor chafee saying he will not save christmas because the times...
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Dec 6, 2012
12/12
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tax cuts. are they willing to limit unemployment insurance, give up infrastructure spending, which is something the president has been talking about from the beginning, payroll tax cut. what's the white house plan here? >> well, alan simpson in addition to being an excellent dancer is a very shrewd political analyst. >> very hip, alan simpson. >> very, very, very good dancer recently. but, look, i think people talk in terms of political advantage and clearly the president is going to gain more political advantage from going off the cliff than the republicans are going to. that's where the polls are showing. that's clearly where there is going. that doesn't mean it's a good idea for the country or economically. the country is are they looking at their own political interests or do they actually want to make sure the economy stays out of recession here. this is a very dangerous game that we're playing with over the next four weeks. >> i want to bring in congressman tom price, a republican from ge
tax cuts. are they willing to limit unemployment insurance, give up infrastructure spending, which is something the president has been talking about from the beginning, payroll tax cut. what's the white house plan here? >> well, alan simpson in addition to being an excellent dancer is a very shrewd political analyst. >> very hip, alan simpson. >> very, very, very good dancer recently. but, look, i think people talk in terms of political advantage and clearly the president is...
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Nov 30, 2012
11/12
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whey too high on taxes. not nearly enough on spending reductions. >> the president has said all the way along, if i give you a dollar of revenue, if you guys give me a dollar of revenue, that's $3 trillion in spending cuts. he's coming in with 400, so would you try to get him to 3 trillion here or try to bring down the revenue number? >> well, i think you have to bring down the revenue number. we are not going to tax and spend our way back into economic prosperity in this country. we are going to have to work together. i think most americans are tired of seeing the partisanship and debates. i'm pleased the speaker's up at the white house to find a solution. most people want certainty, long-term predictability in the economy and raising taxes for this amount i think would put us back into a recession and be counterprodu counterproductive to get our economy going on. >> john boehner clearly, he's the key negotiator. are you going to agree to whatever deal he brings you, if he says representative yoder, it's $1
whey too high on taxes. not nearly enough on spending reductions. >> the president has said all the way along, if i give you a dollar of revenue, if you guys give me a dollar of revenue, that's $3 trillion in spending cuts. he's coming in with 400, so would you try to get him to 3 trillion here or try to bring down the revenue number? >> well, i think you have to bring down the revenue number. we are not going to tax and spend our way back into economic prosperity in this country....
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Dec 7, 2012
12/12
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the huge corporate tax. that is off the table now. they increase the capitol gains rate to ordinary income which i think most, many republicans and more than a few democrats have said is unacceptable and finally, they had problems i think with that question, the most politically brilliant treasury secretary and deputy we have ever seen in this country and tim baker and they had people on capitol hill on the other side who were dying to work together. we don't have any of that and we talk about tax reform is if it's a magic panacea. >> well i mean you solve a story today in "the new york times" about tax policy is certainly not a right of center institution and is left of his left of center orly center. if you cap it at $50,000.750 billion over 10 years, if you change cpi which i think mark has embraced -- >> including including charitable sin? >> you can include charitable than that but you can also look at the health care which by the way is the most passive that exist and i don't know why people in the income category that mark and
the huge corporate tax. that is off the table now. they increase the capitol gains rate to ordinary income which i think most, many republicans and more than a few democrats have said is unacceptable and finally, they had problems i think with that question, the most politically brilliant treasury secretary and deputy we have ever seen in this country and tim baker and they had people on capitol hill on the other side who were dying to work together. we don't have any of that and we talk about...
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Dec 7, 2012
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i am a flat tax guy. what i don't get is why the united states wants to imitate the mistakes of western europe, jim pethokoukis. that's what i don't get. you get the last word. >> i think it's stunning and i hope we learn from yoour mistak as quickly as they did in great britain. >>> who needs to wait for a recession? our next guest says we may already be in one and it started way back in july. think about that. recession last july. stay with us. he'll defend his position. r ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> we've got some more breaking news for you. the michigan
i am a flat tax guy. what i don't get is why the united states wants to imitate the mistakes of western europe, jim pethokoukis. that's what i don't get. you get the last word. >> i think it's stunning and i hope we learn from yoour mistak as quickly as they did in great britain. >>> who needs to wait for a recession? our next guest says we may already be in one and it started way back in july. think about that. recession last july. stay with us. he'll defend his position. r ]...
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Nov 29, 2012
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tax dollars, tax dollars, tax dollars, are being spent on facelifts and liposuction for teachers. the total bill this past year, ready for this? $2.7 million. now that is down from the year before, which was $5.2 million. how does this happen? well, it turns outs the perk is included as a ride he were in the teachers' contract, and that's raising big questions about unions and collective bargaining. we're back with our political panel. this is byron york's favorite story of the night. byron? >> this story blew my mind. it goes back to a contract that was ratified in the 1970s, when unions were getting about everything they wanted. the schools were giving unions everything they wanted. and plastic surgery was not as common at the time. what's happened is, it stayed in the contract, and teachers began, and employees began, using it more. now they haven't had a new contract since 2004, but there's in new york state law that allows unions to keep going with the contract that's -- even if it's expired, so there's no incentive for anybody to negotiate a new one. so the union gets perks
tax dollars, tax dollars, tax dollars, are being spent on facelifts and liposuction for teachers. the total bill this past year, ready for this? $2.7 million. now that is down from the year before, which was $5.2 million. how does this happen? well, it turns outs the perk is included as a ride he were in the teachers' contract, and that's raising big questions about unions and collective bargaining. we're back with our political panel. this is byron york's favorite story of the night. byron?...
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Dec 5, 2012
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tax cuts expire, right? >> initially they did and then were going to do tax reform. >> would they increase the taxes on the rich? >> yeah. >> they would? >> yes. >> to the same extent? >> i would have to do the math. >> don't you do any homework? >> numbers cruncher. dad, thank you so much. i wasn't chained in any way. >> no, he didn't call you co comical. >> you were not chained. >> old time memories. >> okay. >> senator claire mccaskill coming up next, joins us in washington. also cokie roberts. first to bill karins in new york. he has a check on the forecast. bill? >>> good morning to you, joe. we can say good-bye to those late summer/early fall like temperatures. the cold front is heading through neng neck and soon areas of the mid-atlantic. temperatures have fallen a little bit. watching chicago, much colder right now this hour than yesterday at this time at 27. so the midwest has returned to normal. the east coast, blustery weather will arrive during the aft afternoon. on that cold front we've had a li
tax cuts expire, right? >> initially they did and then were going to do tax reform. >> would they increase the taxes on the rich? >> yeah. >> they would? >> yes. >> to the same extent? >> i would have to do the math. >> don't you do any homework? >> numbers cruncher. dad, thank you so much. i wasn't chained in any way. >> no, he didn't call you co comical. >> you were not chained. >> old time memories. >> okay....
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taxes will go up. democrats proposes a bill that cuts taxes on the middle class. the republicans don't dare vote it down. we'll have gotten the higher taxes on the wealthy through this back door route. tim geithner is right. you cannot have a seer imrus plan unless those tax rates on the wealthy go up. >> ifill: the president is... hassles proposedded something that john boehner calls silliness or secretary geithner actually did which is taking thed why of the debt ceiling off of congress' plate. something which members of congress seem to think at least is a no starter. what is the value in putting that out there? >> well again it needs to be said. this is crazy. the way that the debt ceiling works is that congress can actually vote to not tax enough to pay for the spending it proposes and then it can refuse to allow the government to borrow the money to make up the difference between its own spending bills and its own tax bills. this is crazy. this is a license for continual irresponsibility. and of course we're heading for... the republicans are attempting to d
taxes will go up. democrats proposes a bill that cuts taxes on the middle class. the republicans don't dare vote it down. we'll have gotten the higher taxes on the wealthy through this back door route. tim geithner is right. you cannot have a seer imrus plan unless those tax rates on the wealthy go up. >> ifill: the president is... hassles proposedded something that john boehner calls silliness or secretary geithner actually did which is taking thed why of the debt ceiling off of...
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Dec 4, 2012
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republicans have to realize they have to cave on tax rates. the only question is what to get in return. they should demand the year 2013 will be spent putting together a pro-growth and entitlement reform package to put this country on a sound financial footing through 2040. i want to show you what ishg sken boles said. he said while i'm flattered he calls it the bowles plan, it does not represent the simpson-boles plpla plan. >> i almost always agree with brooks. i think serious tax reform has to be the next phase. i hope there's a commitment to it. you know, backing up on the revenue and what republicans need to do, i think the approach that republicans are saying is if there's a number, there are ways to get -- a variety of ways to get to the number. we want to get to a number and do it in a way to stimulate the economy and encourage growth. so there's just lots of ways of getting to a number, and it doesn't have to be that top marginal rate. you can do it through closing of loopholes and capital gains and a number of different ways to do it
republicans have to realize they have to cave on tax rates. the only question is what to get in return. they should demand the year 2013 will be spent putting together a pro-growth and entitlement reform package to put this country on a sound financial footing through 2040. i want to show you what ishg sken boles said. he said while i'm flattered he calls it the bowles plan, it does not represent the simpson-boles plpla plan. >> i almost always agree with brooks. i think serious tax...
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Nov 29, 2012
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they like taxes? >> it's a pledge not to increase taxes. people say why don't you toughen it. you don't want to change it because it is a simple guardrail. it doesn't solve the world's problems, it says no net tax increase. >> in your mind when someone signs it, how long are they committed to it? >> in writing when the person signs it as long as you are a congressman or senator. >> you are signing this for life? >> unless you intend to be a congressman for all of your life. >> a career decision. >> if someone tells you they are pro-life or pro-choice, is this 18 months or a year? how long are you pro-choice? you are telling someone who you are. i'm the kind of guy who is pro- choice or pro-life. two people have brought that up. latourette who decided to leave congress he said yeah i made that promise a long time ago and i went into district and talked about banks and mortgage. mortgage, that was 20 years ago. you are still sending me letters. people make a commitment. it's an easy simple commitment an
they like taxes? >> it's a pledge not to increase taxes. people say why don't you toughen it. you don't want to change it because it is a simple guardrail. it doesn't solve the world's problems, it says no net tax increase. >> in your mind when someone signs it, how long are they committed to it? >> in writing when the person signs it as long as you are a congressman or senator. >> you are signing this for life? >> unless you intend to be a congressman for all of...
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or federal tax. rate compensated up to forty percent of the way to. reduce tax payers to be. here in everything all of the general work in prison is mandatory and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or private one for a minimum wage or for around six dollars unique or is a government owned corporation that uses prison labor to produce all kinds of goods mainly for other government agencies one hundred seventy five different types of products and services you see the variety listed on the. web site they to partner up with private firms now last year unique course revenue nine hundred million dollars as far as private prisons are concerned two of the country's biggest prison corporations made three point three billion dollars last year alone private prisons are created in the new york stock exchange they are for profit companies and the savings that they reap from using inmate labor. go to their bottom line it's money they otherwise don't have to spend in order to keep. large prison populations and
or federal tax. rate compensated up to forty percent of the way to. reduce tax payers to be. here in everything all of the general work in prison is mandatory and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or private one for a minimum wage or for around six dollars unique or is a government owned corporation that uses prison labor to produce all kinds of goods mainly for other government agencies one hundred seventy five...
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megyn: capital gains tax rate is different from the income tax rate in this country. on social security he a lower rate -- [talking over each other] megyn: president clinton lowered the capital gains rate. there is no correlation between its relation to investment income and earn income. megyn: why demonize the rich? the mortgage meltdown was a nightmare. but why demonize all of the rich? >> i hope to be rich one day. i aspire to. i would love to be a billionaire. i think people have admiration for the ones who follow the rules and who actually earn what they may. but when someone basically sits on their assets and gets 13.9% of the tax rate, i think that frustrates people. megyn: but that is legal. are you saying it's morally wrong? [talking over each other] [talking over each other] >> not at all. it is legal. but the law is asinine. there is no reason why it should be taxed. >> c-1 government enforcement of the tax code as equalization for everybody? [talking over each other] [talking over each other] >> you believe someone should earns $40 billion year should pay
megyn: capital gains tax rate is different from the income tax rate in this country. on social security he a lower rate -- [talking over each other] megyn: president clinton lowered the capital gains rate. there is no correlation between its relation to investment income and earn income. megyn: why demonize the rich? the mortgage meltdown was a nightmare. but why demonize all of the rich? >> i hope to be rich one day. i aspire to. i would love to be a billionaire. i think people have...
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Nov 29, 2012
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they're still making the argument that they want to raise taxes on that small percentage of americans. the white house has not put forth any specifics. depending how the president secretary goes, there is miles of space in between the two sides on this one. >> all right. one of my favorite reporters juana summers with politico. thank you for joining us. >> up next, it has several layers. the story on the outside is far different than the inside. yes, as far as metaphors go, the saga of the twinkie takes the cake. all right make that metaphors and pun its. we'll be light back. [ male announcer ] this is karen and jeremiah. they don't know it yet but they're gonna fall in love get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married they'll find some retirement people who are paid on salary not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just co
they're still making the argument that they want to raise taxes on that small percentage of americans. the white house has not put forth any specifics. depending how the president secretary goes, there is miles of space in between the two sides on this one. >> all right. one of my favorite reporters juana summers with politico. thank you for joining us. >> up next, it has several layers. the story on the outside is far different than the inside. yes, as far as metaphors go, the saga...
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Dec 3, 2012
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don't hold those tax breaks for millionaires hostage. let's reduce taxes for the middle class. that's something that we all agree on fine let's get it done. if we believe we need to make certain investments which we do to grow the economy, in infrastructure and innovation and making sure america is always on the cutting-edge of new entrepreneurship, the fact is that we want to do that, the president has put that forward, the election does make a difference, the president is absolutely strong about this. look i was just with him on friday. he came to my district. was at a business. they are showing some of that video right now. local business in my district that was a toy manufacturer and what they said to the president, what they said to me is we, we make more toys when there's consumer demand. let's make sure that middle class americans have dollars in their pockets, they continue to have confidence as consumers or grow that confidence and that our businesses, large and small respond to that, that they begin to see so stability. this is time when we're calling on speaker boehn
don't hold those tax breaks for millionaires hostage. let's reduce taxes for the middle class. that's something that we all agree on fine let's get it done. if we believe we need to make certain investments which we do to grow the economy, in infrastructure and innovation and making sure america is always on the cutting-edge of new entrepreneurship, the fact is that we want to do that, the president has put that forward, the election does make a difference, the president is absolutely strong...
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Nov 29, 2012
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we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage. >> i want to point this out. this is interesting in terms of the smoke and mirrors how this will play out for the republicans. in the "wall street journal" they write obama's flexible on highest tax rates. white house's flexibility, described by bowls, confirmed by the administration officials, could envision tax rates -- tax rate increase from the current level but was less than clinton era levels. if the republicans can say, we cut taxes from where they were under clinton it gives them cover though rates may go up. a weird, if there is an act of kabuki theater that would be it, right. >> i see a par
we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage....
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largest tax cut company in the world. australia had a really strong tax season. a loss of $0.39 a share. they do typically take a loss in this particular quarter because it is not the most busy time for doing taxes. they said they are very optimistic heading into the tax season. this stock looking pretty good. up 3.5%, up 10% for the year. connell: thank you very much. dagen: they were in love and then they weren't, with apple. they have gone gold, investors. for good. connell: cheryl and dennis are coming up to take over coverage with the latest on apple and whether investors have already seen their best days with the stock. i don't know. we will be right back. ♪ mac i am cheryl casone. dennis: i am dennis kneale. apple shares are higher after selling off for days. investors bailing out and taking a big capital gains before higher taxes. is there more at work here? have we fallen out of love with the beloved land? cheryl: plan layoffs increasing for the third straight month. tomorrow we need to look at the big number, the government number. coming up a unique
largest tax cut company in the world. australia had a really strong tax season. a loss of $0.39 a share. they do typically take a loss in this particular quarter because it is not the most busy time for doing taxes. they said they are very optimistic heading into the tax season. this stock looking pretty good. up 3.5%, up 10% for the year. connell: thank you very much. dagen: they were in love and then they weren't, with apple. they have gone gold, investors. for good. connell: cheryl and...
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Nov 30, 2012
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a jump in tax rates means a huge chunk of change. agents and players definitely taking notice in this. a lot of people are telling me it is not priority one because it is not so easy to get up front money in baseball which only gives big bonuses to draft picks. >> there could be some agents that will try to get some of that money front loaded but remember teams are only able to do so much. they are not going to for instance the b.j. upton deal signed with atlanta it is not as though his agent will get $75 million upfront. >> let's talk about upton. he just signed a $75 million deal with atlanta. he got 3 million bucks in a bonus payable by december 1. it jumps right off the page. upton's former teammate signed an extension this week. part of the deal included a $1 million bonus. this is not the baseballb way. the sport is more known for deferring money so it is obvious that the fiscal cliff is a big factor. >> amazing. fiscal cliff is everywhere. thank you so much. brian shactman. >>> it is not a doung grade to a specific company but
a jump in tax rates means a huge chunk of change. agents and players definitely taking notice in this. a lot of people are telling me it is not priority one because it is not so easy to get up front money in baseball which only gives big bonuses to draft picks. >> there could be some agents that will try to get some of that money front loaded but remember teams are only able to do so much. they are not going to for instance the b.j. upton deal signed with atlanta it is not as though his...
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Nov 29, 2012
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they're still making the argument that they want to raise taxes on that small percentage of americans. the white house has not put forth any specifics. depending how the president secretary goes, there is miles of space in between the two sides on this one. >> all right. one of my favorite reporters juana summers with politico. thank you for joining us. >> up next, it has several layers. the story on the outside is far different than the inside. yes, as far as metaphors go, the saga of the twinkie takes the >> as we reported, hostess went bankrupt after it was unable to resolve a labor dispute with unionized workers. the bakers union is fighting to make sure its voice is heard in the bankruptcy proceedings. it wants to make sure its members get what they're owed in pension payments and other promised benefits. the union has asked the judge overseeing the bankruptcy to appoint a member of the union to a group of trustees managing the winding down of the company. as it stands how to, no union members sit on the company's board and in fact, take a look at this. look at that! kind of look
they're still making the argument that they want to raise taxes on that small percentage of americans. the white house has not put forth any specifics. depending how the president secretary goes, there is miles of space in between the two sides on this one. >> all right. one of my favorite reporters juana summers with politico. thank you for joining us. >> up next, it has several layers. the story on the outside is far different than the inside. yes, as far as metaphors go, the saga...
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Dec 4, 2012
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taxed. the basic understanding night can taxpayer now, they earned the right to be this cynical, is that whatever is said during these kinds of negotiations, in the end everybody pays. megyn: we have seen so much jockeying in washington back and forth between the white house and house republicans. eve one offers a deal the other side says is totally unacceptable and a non-starter. president obama just sat down for an interview with bloomberg and says the tax rates -- the republicans say don't raise rates. but let's close out loopholes and get rid of deductions. all you should care about is how much revenue you are getting. why do you care fit' a rate or deduction. increase the revenue. president obama says no i need rates to go up on the rich. now he's saying rates have to go up. they have to go up on the rich. but then we can talk about lower them again next year. we'll chat. we'll have more time then we can discuss the loopholes abductional earn tough deductions to rates. >> we are 400 day
taxed. the basic understanding night can taxpayer now, they earned the right to be this cynical, is that whatever is said during these kinds of negotiations, in the end everybody pays. megyn: we have seen so much jockeying in washington back and forth between the white house and house republicans. eve one offers a deal the other side says is totally unacceptable and a non-starter. president obama just sat down for an interview with bloomberg and says the tax rates -- the republicans say don't...
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is a massive burden both in terms of tax amount of money you have to pay to be you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the year you remember the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of u.k. and union telling this country what to do we're big enough to manage our own affairs the economic evidence is really pointing towards if britain were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer. he says make a shift in the geography of the middle east is now on the horizon what they're discussing next on the future of an independent kurdish state. fifty feet it's. easy to. see. wealthy british style scientists are not on the tireless. market why not. find out what's really happening to the global economy with much cause or there are no holds barred look at the
is a massive burden both in terms of tax amount of money you have to pay to be you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the year you remember the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of u.k. and union telling this country what to do we're big enough to manage our own affairs the...
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is a massive burden both in terms of tax amount of money you have to pay to the you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the you remember of the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what to do we're big enough to manage our own affairs the economic evidence is really pointing towards if britain were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer. brief look at other news from around the globe now the death toll from time food which is currently battering the philippines has climbed to over one hundred turns up thousands have have fled their homes as the elements rolled across southern and central areas into entire province as rescue teams are working in areas but it's fears the number of casualties will
is a massive burden both in terms of tax amount of money you have to pay to the you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the you remember of the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what to do we're big enough to manage our own affairs...
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rosen is just medicaid getting food stamps and she's collecting welfare or underage of her names are tax free cash income is over one hundred fifty thousand dollars. for more than thirty years republicans have used the existence of that welfare queen to justify their attacks and public spending and prove that the welfare state has run a lock yet her identity has never been revealed after decades of searching the best and brightest minds in the field of journalism were never able to discover who was behind the wheel of that welfare queens cadillac or even if she or it even existed that is until now we now realize our mistake we should have been listening to the supreme court in our search for the welfare queen we were looking for actual people when we should have been looking for corporate people we should have been looking at wal-mart wal-mart is the largest private employer and brought in more and twenty eleven than any other company in the nation pocketed not too shabby sixteen point four billion dollars in profits that same year and the six wal-mart heirs the walton family owned rough
rosen is just medicaid getting food stamps and she's collecting welfare or underage of her names are tax free cash income is over one hundred fifty thousand dollars. for more than thirty years republicans have used the existence of that welfare queen to justify their attacks and public spending and prove that the welfare state has run a lock yet her identity has never been revealed after decades of searching the best and brightest minds in the field of journalism were never able to discover who...
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Dec 4, 2012
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some of them might struggle with voting to raise taxes by more than $12.5 trillion. this is amateur video from syria purporting the show a government war plane on a bombing run in damascus. one of syria's neighbors get serious about self-defense. concerns about the chemical weapons on the rise. "special report" starts at #:00 eastern. now have back to my colleagues with "the five." >> five, four, three, two, one. [ applause ] >> good job! >> andrea: the lighting of the 73-foot tall capitol christmas tree. that was john boehner who lit the tree. on the west front steps of the cocapitol. where president obama will have inauguration in a couple of weeks. from the speaker bearing brooks brother to devil wears prada. anna winter raised money to get president obama re-elect and it could be paying off for her now. bloomberg news is reporting that she is on the short list to be the next ambassador to the u.k. or to france. a hat tip to the "new york post," owned by the parent company of the network. she was trying to audition by fundraisers and glossy spreads in the magazine
some of them might struggle with voting to raise taxes by more than $12.5 trillion. this is amateur video from syria purporting the show a government war plane on a bombing run in damascus. one of syria's neighbors get serious about self-defense. concerns about the chemical weapons on the rise. "special report" starts at #:00 eastern. now have back to my colleagues with "the five." >> five, four, three, two, one. [ applause ] >> good job! >> andrea: the...
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Nov 29, 2012
11/12
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the journal "politico" reported he's urging colleagues to extend middle class tax cuts but allow tax rates for top earners to rise for now. that's what the president wants, but republican leaders have called for raising revenues by closing loopholes and capping deductions. and this morning, house speaker john boehner said he'd reinforced that position to congressman cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small businesses, it'll hurt our economy, it's why it's not the right approach. we're willing to put revenue on the table as long as we're not raising rates. >> brown: despite the president's talk of changing minds, "politico's" manu raju says that privately, house republicans think they can win this fight. >> right now the republican leadership feels pretty confident that they have most of their folks in line. they all generally support keeping tax rates low for virtually for every single income group. they do not want to see incomes increase for that top tax bracket. >> brown: meanwhile, on the senate floor, minority le
the journal "politico" reported he's urging colleagues to extend middle class tax cuts but allow tax rates for top earners to rise for now. that's what the president wants, but republican leaders have called for raising revenues by closing loopholes and capping deductions. and this morning, house speaker john boehner said he'd reinforced that position to congressman cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small...
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they come here and buy lenders they buy it because they were jury are they really good investors the taxes go up because of them but they will keep the wind quality up there should be a steep protection policy here we think. that's it from the business desk more news is coming your way after a very short break. well . science technology innovation all the list of melamine still around russia we've got the future covered. live. least be cool language. programs and documentaries in arabic it's all here on. reporting from the world's hot spots the p.r.p. interviews intriguing story for you to. see arabic to find out more visit arabic t.v. dot com. explain. these continues here at r.t. the hague tribunal for war crimes has acquitted kosovo's former prime minister and his aides for a second time. was facing numerous charges of murder and torture of serbs in the war yugoslavia at the end of the one nine hundred ninety s. international criminal defense lawyer. michael. says bias was built into the hague tribunal system from the very start. i think by and large this tribe you know. more or less th
they come here and buy lenders they buy it because they were jury are they really good investors the taxes go up because of them but they will keep the wind quality up there should be a steep protection policy here we think. that's it from the business desk more news is coming your way after a very short break. well . science technology innovation all the list of melamine still around russia we've got the future covered. live. least be cool language. programs and documentaries in arabic it's...
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is a massive burden both in terms of tax amount of money they have to pay to you each year and of course it's very glittery verdant the trade links will always continue will always be buying german cars or french wine or french cheese and and we'll be selling to them financial services and other goods that we make in britain so that won't change course what will change is that the money that britain has to hand over to the european union will see so we can drastically reduce that we don't really need to be run by brussels and needs to sort of you've been you need to country what to do we are big enough to manage our own affairs some international news in brief right now typhoon boppo which is currently battering the philippines has claimed more than two hundred eighty lives tens of thousands fled their homes as the storm rolled across southern and central areas cutting of power into entire provinces two teams are working in the worst hit areas but it's feared the number of casualties will rise the storm is expected to move into the south china sea on thursday. so here's an bastard junaid
is a massive burden both in terms of tax amount of money they have to pay to you each year and of course it's very glittery verdant the trade links will always continue will always be buying german cars or french wine or french cheese and and we'll be selling to them financial services and other goods that we make in britain so that won't change course what will change is that the money that britain has to hand over to the european union will see so we can drastically reduce that we don't...
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Dec 3, 2012
12/12
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but even then if you want to do tax cuts to stimulate the economy, why are we doing tax krets. that's been on the table forever. >> why do you think we're not? >> i honesti honestly don't kno. investment trax credits are things we have precedent for in the uk and other countries. they're business friendly. if you want to be business friendly, which most of us do, they're inherently temporary because you're trying to get people to move forward. >> it is strange when david cameron spoke last week, saying we're putting growth in every ministry, there is going to be a growth agenda. so all this talk, but not followed up. >> doesn't seem to be a company hair rent strategy at all. and i can't pretend to know what internal negotiations lead to that but a little bit of broadband hear and get off wealth incentive there is is not growth strategy. growth strategy is recognizing the uk has had an enormous shortfall of investment are and it existed even in the boom years. and has gotten worse since 2008. the financial system is a major part of it. and so you have to think about what it is t
but even then if you want to do tax cuts to stimulate the economy, why are we doing tax krets. that's been on the table forever. >> why do you think we're not? >> i honesti honestly don't kno. investment trax credits are things we have precedent for in the uk and other countries. they're business friendly. if you want to be business friendly, which most of us do, they're inherently temporary because you're trying to get people to move forward. >> it is strange when david...
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Nov 29, 2012
11/12
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taxes going up. taxes going up on the affordable care act. billions of dollars of taxes and fees. what's the four-year view look like? what's the plan look like? so let's look at the numbers. how much do we get from deductions? how much do we get from expenditures? how much more do we need? how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with james clyburn, representative clyburn last hour, about the notion of raising tax rates on the wealthy and not where the president wants them. he said i want it higher. take a listen and then talk about it. >> we know where the president is. and that is 250,000. but there are a lot of democrats who voiced back before the campaign 500,000. some say even a million. all of that's going to be negotiated. the president wants 250. if mr. boehner wants to come and offer something different, i'm sure he'll do that but the president stands at 250. which is below even where i was but he won the election. >> do you think
taxes going up. taxes going up on the affordable care act. billions of dollars of taxes and fees. what's the four-year view look like? what's the plan look like? so let's look at the numbers. how much do we get from deductions? how much do we get from expenditures? how much more do we need? how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with...
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Nov 29, 2012
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. >> eric: yes, i did pay my taxes. no i didn't kill anyone. >> kimberly: i'm not against dogs, yeah, the whole thing. i like dogs. >> eric: i like twitter. that was the big thing. please roll the video. according to the reporter newspaper, president obama plans to do his annual wine vacation, get this, the dates are december 17 through january 6. so that means, while america is hurled head first off the fiscal cliff, the obama will spend 21 days golfing, body surfing and lunching to the tune of $4 million taxpayer dollars. you can't make stuff up. >> kimberly: that sounds good to me. >> dana: the reporters would have complained if they spent 21 days in waco. but 21 in hawaii could be worse. he said let's make sure we get it done before christmas. get it done on december 16, sign it, get out of town. >> eric: $4 million. >> bob: if he was in the bathroom at the white house it would cost $4 million. >> eric: december 17 to january 6. fiscal cliff hits december 31. smack dab in middle of this vacation. he snub hawaii, bod
. >> eric: yes, i did pay my taxes. no i didn't kill anyone. >> kimberly: i'm not against dogs, yeah, the whole thing. i like dogs. >> eric: i like twitter. that was the big thing. please roll the video. according to the reporter newspaper, president obama plans to do his annual wine vacation, get this, the dates are december 17 through january 6. so that means, while america is hurled head first off the fiscal cliff, the obama will spend 21 days golfing, body surfing and...
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you can't tax credit, "gave money to my aunt martha." >> actually, you can. you can give away gifts to your family and friends. >> jimmy: this means you've been giving a lot of money to your family. >> rather them than the government. that's how i look at it. >> jimmy: this is the second season of "last man standing." >> yes. >> jimmy: and you are now on friday nights. [ applause ] >> well, you know what happened? originally, they wanted to put reba's show "malibu country" after us. she got very particular about the content. abc didn't have it set up. abc launched us on tuesday last year, in hopes that we'd have it set up, which we do. and so we went back to -- remember, they had tgif? so, abc wants to have a family night with a little twist. we were twisted. very good writers. we are doing that pixar thing. if you like "toy story" movies, there's always a little adult stuff slid in there. >> jimmy: little something for both. >> i can't -- sometimes i can't believe i'm doing this. doing vegas, still doing other work and i got into it. but i love craft service
you can't tax credit, "gave money to my aunt martha." >> actually, you can. you can give away gifts to your family and friends. >> jimmy: this means you've been giving a lot of money to your family. >> rather them than the government. that's how i look at it. >> jimmy: this is the second season of "last man standing." >> yes. >> jimmy: and you are now on friday nights. [ applause ] >> well, you know what happened? originally, they...
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Dec 7, 2012
12/12
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enough public sentiment saying give up on the tax breaks to get a bigger deal. the president could muscle through the tax rates on his own. risks on his side. why not force him into a position where they can get sort of a bigger deal. here's what i thought was important. republicans saying to me that, you know, last july when we had the debt debacle, the feeling was don't give the president a success, don't give him a big victory because we want to have a prospect of our own candidate winning the white house. that's gone. so i think some of that is abated. >> and chris cizilla, john boehner seems to have more running room. you don't see eric cantor looking over his shoulder quite so much. >> i thought that one of the most fascinating things of the week, the "new york times" story that detailed what you're saying, andrea, that john boehner is in a stronger position than he was after the 2010 election. sort of consolidated his republican conference behind him. david is right, is i think what we know is republicans are willing ultimately, they may not say it today,
enough public sentiment saying give up on the tax breaks to get a bigger deal. the president could muscle through the tax rates on his own. risks on his side. why not force him into a position where they can get sort of a bigger deal. here's what i thought was important. republicans saying to me that, you know, last july when we had the debt debacle, the feeling was don't give the president a success, don't give him a big victory because we want to have a prospect of our own candidate winning...
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Dec 6, 2012
12/12
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he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not that tough. but we need that conceptual break through that says we need to do a balanced plan. >> we made a good faith offer to avert the fiscal crisis and that offer included significant spending cuts reforms and it included additional revenue. and frankly, it was a balanced approach mr. president has been asking for. now we need a response from the white house. >> they have 27 days to prevent automatic tax hikes and spending cuts from kicking in on new year's day. ed henry live at the white house for us. ed, we are hearing the president and house speaker john boehner actually talked by phone not too long ago. >> that's right, harris. we confirmed that there was a phone call between the two leaders this afternoon. no m
he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not that tough. but we need that conceptual break through that says we need to do a balanced plan. >> we made a good...
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Nov 30, 2012
11/12
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we're going to tax this. and then they want at midnight to renegotiate everything, make every decision all at once. once in awhile having a crisis. but it looks like it's become regularly built-into the system and that's just no way to do this. we've got to fix that. >> ken rogoff, professor economics and policy at harvard. dark, cambridge, forgive me. >> great to see you this morning. >>> should the united states provide arms to syrian rebels trying to oust the assad regime? secretary of state hillary clinton says there's no decision yet but the question is evaluated every day, depending on the changing situation in syria. meanwhile, reports that the internet in syria has been cut off. it could be the latest move by the embattled regime against rebel forces which have successfully used the internet to keep the outside world informed of the uprising. >> settlement reportedly has been reached between dominique strauss-kahn and the new york city hotel maid who sued him alleging sexual assault. details of the ag
we're going to tax this. and then they want at midnight to renegotiate everything, make every decision all at once. once in awhile having a crisis. but it looks like it's become regularly built-into the system and that's just no way to do this. we've got to fix that. >> ken rogoff, professor economics and policy at harvard. dark, cambridge, forgive me. >> great to see you this morning. >>> should the united states provide arms to syrian rebels trying to oust the assad...
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Nov 30, 2012
11/12
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FBC
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a higher tax next year, a higher tax on dividends is confidently expected. you avoid that if you get the dividend this year. 175 companies doing just that. all right, let's get at it, shall we. president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes a
a higher tax next year, a higher tax on dividends is confidently expected. you avoid that if you get the dividend this year. 175 companies doing just that. all right, let's get at it, shall we. president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how...
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Dec 6, 2012
12/12
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and you add that to the payroll tax increase and you have got a big tax increase coming count pike in a weak economy. martha: it will hurt across the board from the top to the bottom. everybody's financial picture will look different in the new year. bill: prince william's pregnant wife has been released from the hospital. a smiling duchess of cambridge heading home. she had been in the hospital for severe morning sickness. they moved to kensington palace where she has been ordered to take it easy. she looks great. martha: poor thing. you are leaving the hospital. you have got to do your hair and smile for the cameras when you feel lousy. bill: what a media frenzy this has been already. it's just the beginning. england has that to watch all over the kingdom. martha: we are just getting started. lots going on. a new green energy project funded by you the taxpayer. did you know you are one of the prime investors in a new electric car battery? bill: there are new concerns about a north korean rocket launch any day. a top u.s. commander labeling it very dangerous. what is the u.s. doing i
and you add that to the payroll tax increase and you have got a big tax increase coming count pike in a weak economy. martha: it will hurt across the board from the top to the bottom. everybody's financial picture will look different in the new year. bill: prince william's pregnant wife has been released from the hospital. a smiling duchess of cambridge heading home. she had been in the hospital for severe morning sickness. they moved to kensington palace where she has been ordered to take it...
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every single hour of every single day it was about mitt romney's taxes a lot of people were saying you know what i don't care how much money he makes and that's irrelevant what do you think are the most important points that the american people should be thinking about and that the american media should be talking about when it comes to whoever the next secretary of state is well i mean there's definitely some basic questions of someone's you know intellect their capacity i think she definitely meets those marks you know she's obviously a very talented person she's a very complex person there's been areas where she's been right about like the invasion of iraq she was opposed to it from the beginning and then you know the other questions that are really central that i want to see her pressed on are wanda her whole policy towards africa that's really where she launched her career from as an africa specialist and i would say with regards to the holdings and trans canada and other energy companies she needs to let go of them if she wants to be a credible candidate i think that that's a tot
every single hour of every single day it was about mitt romney's taxes a lot of people were saying you know what i don't care how much money he makes and that's irrelevant what do you think are the most important points that the american people should be thinking about and that the american media should be talking about when it comes to whoever the next secretary of state is well i mean there's definitely some basic questions of someone's you know intellect their capacity i think she definitely...
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it has been some progress on the tax cut side in terms of tax reform that could raise a type of revenue that we are going to need, but as far as i can see, there has been no meaningful discussion at all on the spending side and as many americans have to balance the wrong budget knows, if you have a deficit that means you have to bring in more rate comment and spend less. melissa: all we're ever talking about is raising taxes and nobody is talking about what we need to cut. the first thing you would do is stop spending. let's tighten our belts. regardless though you really think it is too late? i think they can come up with some solution that is held together with chicken wire and bubblegum and scotch tape and this little crummy thing that will keep us from going over the cliff pushing the whole problem off into the future. speak i think you have to treat two separate issues separately. one is avoiding the cliff, and i think the way to do that is to reach a short-term agreement on tax cut extensions. relatively optimistic they can get a long-term budget agreement done next year, but don'
it has been some progress on the tax cut side in terms of tax reform that could raise a type of revenue that we are going to need, but as far as i can see, there has been no meaningful discussion at all on the spending side and as many americans have to balance the wrong budget knows, if you have a deficit that means you have to bring in more rate comment and spend less. melissa: all we're ever talking about is raising taxes and nobody is talking about what we need to cut. the first thing you...
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Dec 5, 2012
12/12
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making tax fun. that's interesting. >> that's what "worldwide exchange" can do for you. >> thank you, steve. more to come. still to come, democrats and republicans continue their fight for the upper hand on the fiscal cliff. house speaker john boehner's facing something of a revolt within gop's ranks over his budget plan. we'll have the latest from washington when we come back. >>> talks between the white house and republicans over the fiscal cliff have ran to something of a holt. john boehner dealing with division in the gop's ranks to his bung budget plan. another shanghai surprise. china's mainland market surge nearly 3%. more austerity. plus, austerity measures are hitting european consumers. retail sales in october fall much more than expected. september also revised sharply to the downside. >>> it was a flat day really for european stocks, slightly negative for u.s. stocks yesterday. we are a little bit higher. the dow is currently some 43 points above fair value. the nasdaq is around four poin
making tax fun. that's interesting. >> that's what "worldwide exchange" can do for you. >> thank you, steve. more to come. still to come, democrats and republicans continue their fight for the upper hand on the fiscal cliff. house speaker john boehner's facing something of a revolt within gop's ranks over his budget plan. we'll have the latest from washington when we come back. >>> talks between the white house and republicans over the fiscal cliff have ran to...
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Dec 6, 2012
12/12
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((bump in))((bump in)) coming up.. 3 ((bump in)) tax season.. is , pight arrund the corner...but before you file.. take ation! &p... ánowá... before you o do actually send innthooe rappee jay-z ...onna nnw york subway!the hilarioos exccange between tte two. you're watching fox 45 morning news.. all locaathe fiscal cliff. what it could [ female announcer ] for those who love sweets, your season is here. let's just call it the baking time of year. you need special ingredients. you need the staples. that's a given. you need safeway sugar for just $1.97. and that magic thing that makes everyone want another -- only $2.99 for land o'lakes butter. and when hands get messy, quite surely they'll say, "yum! wow! yay! what a sweeter holiday." safeway. ingredients for life. they'll say, "yum! wow! yay! what a sweeter holiday." -teaae countdown to christmms- we're giving pway gifts evvry day through christmas eve. eve.our lucky winners will get undee the tree.so stay ttned m for your chance to win! 3 map 400map 3 33 map 40 map 3 3 breaking neww... a late
((bump in))((bump in)) coming up.. 3 ((bump in)) tax season.. is , pight arrund the corner...but before you file.. take ation! &p... ánowá... before you o do actually send innthooe rappee jay-z ...onna nnw york subway!the hilarioos exccange between tte two. you're watching fox 45 morning news.. all locaathe fiscal cliff. what it could [ female announcer ] for those who love sweets, your season is here. let's just call it the baking time of year. you need special ingredients. you need the...
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Nov 30, 2012
11/12
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CSPAN
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there is also other taxes like gasoline tax, phone tax. we pay a lot of money to foreign countries that we do not need to. as i think about taxes. guest: this is kind of one of the ideas that republicans talk about, and democrats talk about when we talk about moving to tax reform. it is getting the individual provisions. right now it is a complicated mess. the kind of start over with a simple system that has a few income brackets. easier said than done. that is one of the goals here. host: jim from twitter says -- guest: absolutely. a lot of these credits and deductions, the standard deduction exceeds what you would get, that you just take that. host: the specific credits we have been talking about prompt a question from cindy. guest: yes. you generally have to be working are working outside the home. host: is there an hour requirements? guest: there are a lot of specific requirements. host: kay from richmond, virginia. caller: if somebody is working as hard as they can and making less than $50,000 a year, they count on this refund every y
there is also other taxes like gasoline tax, phone tax. we pay a lot of money to foreign countries that we do not need to. as i think about taxes. guest: this is kind of one of the ideas that republicans talk about, and democrats talk about when we talk about moving to tax reform. it is getting the individual provisions. right now it is a complicated mess. the kind of start over with a simple system that has a few income brackets. easier said than done. that is one of the goals here. host: jim...
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with taxes going up, tax-free muni bonds are all the rage. we will have tips on how to find some good ones next. dennis: first, some of today's winners and losers. ♪ [ male announcer ] this is joe woods' rst day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it y, but he'll wk his way up from busser to wter to chef before opening a restaurant specializing in fish and me from the great northwest. hel start investing early, he'll find some good people to help guide him, nde'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. dennis: over 100 companies are paying special dividend. this is before the tax rate on dividends could more than double in january. liz macdonald is here. >> already munis has downgraded nearly a third. borrowed money to issue special dividend. in other words, do it before tte end of the year. in fact, half of the deals out there, in october, worked for special dividend. i will tell you so
with taxes going up, tax-free muni bonds are all the rage. we will have tips on how to find some good ones next. dennis: first, some of today's winners and losers. ♪ [ male announcer ] this is joe woods' rst day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it y, but he'll wk his way up from busser to wter to chef before opening a restaurant specializing in fish and me from the great northwest. hel start investing early, he'll find some...
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you combine, say, about $250 billion in spending and tax cuts. that will probably cut gdp with the usual multiplier efforts of two percentage points. that's enough to raisen employment by a couple of percentage points. it's serious business. >> ali, what do you think? >> yeah. well, look, i think peter is right. the spending cuts that would be imposed by the fiscal cliff would be devastating. it would send unemployment higher. it would cost jobs. the republicans, as peter says, are going to insist on some cuts anyway, so bottom line is we are going to see a weaker economy into the beginning of next year. probably one way or the other. now, the counter to that, peter, is that there are forces in the economy that are strengthening it. this energy boom that we've got, the natural gas, the amount of fracturing that we're doing, the fact that housing has been doing tremendously well, and interest rates remain very low with prices, so there's some sense that there's a bit of a renaissance on the horizon, and if the government doesn't mess that up too m
you combine, say, about $250 billion in spending and tax cuts. that will probably cut gdp with the usual multiplier efforts of two percentage points. that's enough to raisen employment by a couple of percentage points. it's serious business. >> ali, what do you think? >> yeah. well, look, i think peter is right. the spending cuts that would be imposed by the fiscal cliff would be devastating. it would send unemployment higher. it would cost jobs. the republicans, as peter says, are...
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Dec 5, 2012
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give 98% of us tax relief. the things that both sides agree on and then the president yesterday thinks the president is poised to take off. obviously going over the cliff is the last thing anybody wants right now. >> i agree. i hear people on both sides talk about that. it may have been a contrived cliff. i know some folks call it a curve or whatever they want to call it. the fact of the matter is a large portion of any economy is the psychological effect of it. and you can't tell me that middle class -- i'm a teacher my wife and i -- that they're thinking about what happens if that tax bill changes on january 1st and they're making decisions about their spending right now. that's reality. the one thing i agree with republicans on in the 2010 elections was that the economy needed certainty. the thing that frustrates me is it is creating more uncertainty by them not signing on to this and passing it. >> stephanie: absolutely. what i was saying last hour, representative, the thing we're not falling for is some of
give 98% of us tax relief. the things that both sides agree on and then the president yesterday thinks the president is poised to take off. obviously going over the cliff is the last thing anybody wants right now. >> i agree. i hear people on both sides talk about that. it may have been a contrived cliff. i know some folks call it a curve or whatever they want to call it. the fact of the matter is a large portion of any economy is the psychological effect of it. and you can't tell me that...
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tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000 and everyone agrees those should be put through and then put through another bill that extends the tax cuts on those $250,000 and above and let the democrats take ownership because you know, they're going to be held responsible for the economic performance of 2013 and come 2014, you can actually get a political change that might make a difference. stuart: we'll wait and see on that one. art laffer, always a pleasure. >> bye now. stuart: the republicans submit their fiscal cliff solution. now, that plan put out by speaker boehner, includes 800 billion dollars in extra tax revenues and that would come from limiting deductions and not from higher tax rates. and there would also be 1.2 trillion dollars worth of spending cuts and the white house immediately d
tax rates. it may be just tax rates higher for those making half a million a year, i think they'll retreat a little bit. >> i think, too, what i'd like to see the republicans do, i'd like to see them pass a bill extending tax cuts below $250,000 and everyone agrees those should be put through and then put through another bill that extends the tax cuts on those $250,000 and above and let the democrats take ownership because you know, they're going to be held responsible for the economic...
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Dec 3, 2012
12/12
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$2,000 more in taxes. we will give a tax increase. we will raise taxes on 98% of americans unless you give us another tax break for our buddies and millionaires and billionaires, the top 2% in the country. you can't blame even mitch mcconnell any more. it's john boehner who is standing in the way. he did so again the republicans give this babble. the president says what's your plan? what do you want to cut? close loopholes. what loopholes? they won't say. to them, nothing. a detailed plan versus nothing. you've got a existed in in president obama versus a lose her in john boehner. and here is boehner again yesterday, on fox news sunday saying, when he looked at the president's proposal, oh my god. >> i was flabbergasted. >> flabbergasted. >> he can't be serious. i just have never seen anything like it. we've got seven weeks between election day and the end of the year three weeks have been wasted with the nonsense. who is flabbergasted anymore? have you ever heard that word? >> peter: an old word. >> 1920s
$2,000 more in taxes. we will give a tax increase. we will raise taxes on 98% of americans unless you give us another tax break for our buddies and millionaires and billionaires, the top 2% in the country. you can't blame even mitch mcconnell any more. it's john boehner who is standing in the way. he did so again the republicans give this babble. the president says what's your plan? what do you want to cut? close loopholes. what loopholes? they won't say. to them, nothing. a detailed plan...
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Nov 29, 2012
11/12
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paying more taxes. that will go up in january. cheryl: it will be interesting. protesters in each of force the u.s. embassy in cairo to shut down. up-to-the-minute coverage ahead. dennis: it is illegal to smoke pot in two western states, but we will tell you why employers can still fire you for doing it. cheryl: that makes sense, right? would you pay more for vitamin c in showers or aromatherapy? we will talk to the man behind the stay well hotel concept. dennis: as we do every day this time, here is looking at her, why that the cme with that. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find e right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom hel you get personalized and
paying more taxes. that will go up in january. cheryl: it will be interesting. protesters in each of force the u.s. embassy in cairo to shut down. up-to-the-minute coverage ahead. dennis: it is illegal to smoke pot in two western states, but we will tell you why employers can still fire you for doing it. cheryl: that makes sense, right? would you pay more for vitamin c in showers or aromatherapy? we will talk to the man behind the stay well hotel concept. dennis: as we do every day this time,...
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Dec 1, 2012
12/12
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there is a case where bob jones university lost its tax exemption because the court argued there was a compelling interest in not having the state collaborate with racism. very similarly they should collaborate with the oppression of women but a practice of pauley emery, what would the objection to that be? of course administratively impossible because it creates so many layers of families and former families but in our legal tradition administrative difficulty has to be really extreme to be compelling state interest. one case i know of that trumped the religious interest was a case where an american family refused to allow their child to have a social security, they said that was so fundamental in an organized society, it turns out she had already been given one anyway so the case was very odd in that respect. that shows you that you have to go far out on a limb to trump the religious claim. u.s. about reynolds. reynolds is a case in the 1870s where a polygamous mormon man lost, the first case to test the free exercise clause because it was not applied to state law yet and therefore
there is a case where bob jones university lost its tax exemption because the court argued there was a compelling interest in not having the state collaborate with racism. very similarly they should collaborate with the oppression of women but a practice of pauley emery, what would the objection to that be? of course administratively impossible because it creates so many layers of families and former families but in our legal tradition administrative difficulty has to be really extreme to be...
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Dec 1, 2012
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continental congress had no power to tax, to reduce troops. it was simply a place -- a debating society for the leaders from the various states to argue different policies. they were at war with each other. they were independent, sovereign nations and the leaders from various states began to realize we need a stronger federal government so they wrote the constitution. many americans were opposed to the constitution and became antifederalists. so they were the federalists and antifederalists opposed to each other from the very beginning. from the signing of the constitution. the antifederalists gradually became known as republicans and then democrat republicans. so when john quincy adams was running for office, and you now have the republicans, democrats republicans running against the federalist and he was the last of the federalist. the federalists ran this country from the beginning. washington, adams and they were the people that ran the country in the elite, the constitutional and the states allow property owners to vote. gradually univers
continental congress had no power to tax, to reduce troops. it was simply a place -- a debating society for the leaders from the various states to argue different policies. they were at war with each other. they were independent, sovereign nations and the leaders from various states began to realize we need a stronger federal government so they wrote the constitution. many americans were opposed to the constitution and became antifederalists. so they were the federalists and antifederalists...
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tax rate increase. democrats have said no to that proposal.% in response to that a spokesman for house speaker john boehner saying despite republicans offer to put real revenue on the table the president has offered no concessions whatsoever. when will this willingness to compromise materialize??3 now republicans and democrats say there are no major meetings planned, no summit for democrats and republicans yet to get together and talk on this. the white house says they imagine that there is some e-mail traffic going back and forth but they refuse to tell us when and where they plan on negotiating this. back to you. ashley: i bet the language in the e-mail is pretty interesting too. >> right. ashley: rich edson, thanks so much. tracy: well more companies are accelerating their dividend payments. so we heard from campbell's soup and coach. some of the latest getting cash to shareholders ahead of fiscal cliff. oracle taking it a step further. moving up three dividend payments before the end of the year. fo
tax rate increase. democrats have said no to that proposal.% in response to that a spokesman for house speaker john boehner saying despite republicans offer to put real revenue on the table the president has offered no concessions whatsoever. when will this willingness to compromise materialize??3 now republicans and democrats say there are no major meetings planned, no summit for democrats and republicans yet to get together and talk on this. the white house says they imagine that there is...
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Dec 3, 2012
12/12
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just 28 days left and fiscal cliff talks are at a standstill over taxes and entitlements. >> they must have forgotten that republicans have continued to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> could the only thing standing in the way of that would be a refusal by republicans to accept rates have to go up on the wealthiest americans and i don't really see them doing that. >> thank you very much. mr. president. >> meanwhile as nato prepares to deploy patriot missile defenses to turkey, hillary clinton warns syria against moving its chemical weapons. >> this is a red line for the united states. i'm not going to telegraph in any specifics what we are would do in the event of credible evidence that the assad regime has resorted to using chemical weapons against their own people, but suffice it to say, we are certainly planning to take action if that eventuality were to occur. >> and while washington buzzes over this video tribute to clinton, some are
just 28 days left and fiscal cliff talks are at a standstill over taxes and entitlements. >> they must have forgotten that republicans have continued to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> could the only thing standing in the way of that would be a refusal by republicans to accept rates have to go up on the wealthiest americans and i don't...
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Dec 4, 2012
12/12
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at today's dividend tax rate of just 15%. that will be a big savings for him if the dividend tax does double as it may do next year. the doom and gloom of the fiscal cliff hides an important point about our economy. we play our cards right, america could be headed for another economic renaissance. short-term indicators are looking good. jobs are being created, consumer debt is shrinking. the housing market is making a comeback. forget silver linings, housing has been the golden lining around the economic cloud hanging over the country. mortgage rates are expected to stay low through 2014. home affordability is as good as it it's been in generations. that's going to attract buyers who spent the last few years waiting for prices to bottom out. that's going to help millions of homeowners who currently owe more on their homes than the home is worth. the home prices rising, confidence will return. and longer term prospects also have some real hope in america. we're in the midst of a domestic energy boom that will fuel growth for y
at today's dividend tax rate of just 15%. that will be a big savings for him if the dividend tax does double as it may do next year. the doom and gloom of the fiscal cliff hides an important point about our economy. we play our cards right, america could be headed for another economic renaissance. short-term indicators are looking good. jobs are being created, consumer debt is shrinking. the housing market is making a comeback. forget silver linings, housing has been the golden lining around...
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Dec 4, 2012
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from this complicated tax or these high taxes. it works. >> becky, if it was your commission, simpson/bowles -- >> 11 of the 18 members. >> and we got to handle the fiscal cliff but knowing it goes to 28%, wouldn't you be using this opportunity right now to try and bridge a way to get eventually to simpson/bowles? >> the president was behind simpson/bowles from the beginning. >> because of the 28% and the entitlement cuts. if you were on this commission, you would say the fiscal cliff is much more important, let's figure out a way to handle it but with the end in sight of simpson/bowles. we all know we need to get there. instead of this obsession with the top 2% and 39.6, wouldn't you be spending is your leadership capital trying to get to a simpson/bowles. >> that's the most loaded question you could have possibly asked. >> am i wrong? >> no, i agree with that, i agree with simpson/bowles. >> no one's listening at the white house so i can say whatever i want. >> when we've asked republican leaders they've not embraced simpson/bow
from this complicated tax or these high taxes. it works. >> becky, if it was your commission, simpson/bowles -- >> 11 of the 18 members. >> and we got to handle the fiscal cliff but knowing it goes to 28%, wouldn't you be using this opportunity right now to try and bridge a way to get eventually to simpson/bowles? >> the president was behind simpson/bowles from the beginning. >> because of the 28% and the entitlement cuts. if you were on this commission, you would...
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Nov 30, 2012
11/12
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on real after-tax tax basis, it is a much different story. >> yeah. you get a cap tamm gains and -- should you sell the share? capital gains taxes going up? dividend stocks aren't going to be worth as much. how do you -- is it already reflected? >> well, from a capital gains standpoint yes, you should take your gains. from a dividend perspective -- the fed is already screwing savers by having rates at zero. the government will screw savers more by taking more out of your dividends. unfortunately savers are going to have no choice but to own dividend paying stocks. >> joe is not paying attention. buy lottery tickets and open a moe's franchise. that's what we should do. >> someone tweeted i have moe's tortilla chips. >> up next, up next -- thanks, peter. gop criticizing the president's proposals for taxes and spending increases. dems telling the republicans to bring their ideas to the table. can the two sides get together and get a deal done? we ask ed rendell and judd gregg about that and much more "squawk box" is coming right back after a break. for m
on real after-tax tax basis, it is a much different story. >> yeah. you get a cap tamm gains and -- should you sell the share? capital gains taxes going up? dividend stocks aren't going to be worth as much. how do you -- is it already reflected? >> well, from a capital gains standpoint yes, you should take your gains. from a dividend perspective -- the fed is already screwing savers by having rates at zero. the government will screw savers more by taking more out of your dividends....
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Nov 29, 2012
11/12
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well, we know that the bush tax cuts are expiring. they'll expire for everyone, not just the top 2%. this is not something we want the american middle class to get hit with a tax increase at this time, but we do believe the wealthiest among us should pay more. and we think that the top 2% should pay a higher tax rate on the money they make after $250,000 a year. we also believe that there's more that can be done, closing loopholes. people say, let's talk about that. . we see the bush era tax cuts expiring for everybody. we see the production tax credit expiring which is something important for work in the wind industry and the area of industry that promotes environmental matters. we also see the expiration of things like the estate tax, the s.g.r., which is the doctors fix for medicare. and we also see the sequestration which is the outcome, time outcome of the budget control act that we passed in august, 2011, which is now coming due, and there will be equal defense and discretionary spending cuts on both sides which will be -- which
well, we know that the bush tax cuts are expiring. they'll expire for everyone, not just the top 2%. this is not something we want the american middle class to get hit with a tax increase at this time, but we do believe the wealthiest among us should pay more. and we think that the top 2% should pay a higher tax rate on the money they make after $250,000 a year. we also believe that there's more that can be done, closing loopholes. people say, let's talk about that. . we see the bush era tax...
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Dec 4, 2012
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of tax avoidance. but there's no question in times of austerity -- tomorrow we'll find out what taxes in the uk are going to go up -- that this sort of finagling of the finances is most definitely not on. >> i suppose you could call it creative bean counters behind all of that. you could if you wanted to be silly. britain has a bit of a big tax gap problem overall, right? >> it does. and the chancellor of the -- the finance minister has now warned that he won't meet his deficit targets for austerity will have to continue. we expect higher taxes on the rich tomorrow, cuts in public spending, and in this environment the multinationals like google, amazon, starbucks, are very firmly in the firing line. after all what better than to attack big corporate america. and they're being told, smell the coffee. i can play that game, too, michael. >> wake up and smell the coffee. always good to see you, mr. quest. always making it simple for us. richard quest in london. probably didn't pay for that coffee. >>> over
of tax avoidance. but there's no question in times of austerity -- tomorrow we'll find out what taxes in the uk are going to go up -- that this sort of finagling of the finances is most definitely not on. >> i suppose you could call it creative bean counters behind all of that. you could if you wanted to be silly. britain has a bit of a big tax gap problem overall, right? >> it does. and the chancellor of the -- the finance minister has now warned that he won't meet his deficit...
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Dec 3, 2012
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our certified repair shops, your repairs are guaranteed for life. call... to switch, and you could save hund
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ "the odd couple" theme playing ] humans. even when we cross our "t"s...
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tax breaks, right? democrats are fighting hard to preserve the tax deduction for state and local taxes, that costs the federal budget more than $80 billion a year. why? because 7 of 8 states where taxpayers use the deductions that much are blue or democratic. new york, new jersey, pennsylvania, all blue with the highest state local -- state and local taxes taken out there and property taxes. the tax deductions on them benefit higher income taxpayers in states that consistently deliver for the democrats. i get the politics of this but democrats need to own up. they can't have their cake and eat it, too. in the end, we are all going to pay more or we are going to get less. if we're serious about the fiscal house in order. if demonstrates are serious about republicans to break with ideology and their party base, to vote for higher tax rates, democrats have to be willing to do the same and break with their base. both sides can go back to the politics after they get in right. quit scrapping. get the work don
tax breaks, right? democrats are fighting hard to preserve the tax deduction for state and local taxes, that costs the federal budget more than $80 billion a year. why? because 7 of 8 states where taxpayers use the deductions that much are blue or democratic. new york, new jersey, pennsylvania, all blue with the highest state local -- state and local taxes taken out there and property taxes. the tax deductions on them benefit higher income taxpayers in states that consistently deliver for the...
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Dec 6, 2012
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he's willing to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this debt. we keep spending and spending and raising our debt by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to
he's willing to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this...
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Dec 4, 2012
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republicans sent the president a counter-offer, calling for big cuts to entitlement spending, and no new taxes on the wealthy. >> tom: i'm tom hudson. auto sales speed up in november, with buyers taking advantage of ultra-cheap financing to ditch
republicans sent the president a counter-offer, calling for big cuts to entitlement spending, and no new taxes on the wealthy. >> tom: i'm tom hudson. auto sales speed up in november, with buyers taking advantage of ultra-cheap financing to ditch
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Nov 29, 2012
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so right now everybody's debating about tax rates or tax deductions. that's really a side show. >> i agree. >> the main stage here is really how much goes into each of those three buckets and what are we going to do today and what are we going to do tomorrow and how does that work out so that we get a deal by sometime early next year. >> you're talking fiscal abyss. we've got them all together. mine the fiscal cliff is january 1st. your $4 trillion deal is like a simpson-bowles thing. the fiscal abyss, i don't know if we know whether that's going to be a one- or two-step process. >> it should be a two-step process because you can never deal with $4 trillion in two weeks. >> they can spend $4 trillion in two weeks. >> they can and they have. >> and they do. >> yeah. so i think the -- what they need to do, though, right now is everybody keeps talking about the cliff as like here it comes december 31st. the reality is businesses today are acting as if this is going to happen. so this is not whether the dow goes up and down and that's the symbol of whether
so right now everybody's debating about tax rates or tax deductions. that's really a side show. >> i agree. >> the main stage here is really how much goes into each of those three buckets and what are we going to do today and what are we going to do tomorrow and how does that work out so that we get a deal by sometime early next year. >> you're talking fiscal abyss. we've got them all together. mine the fiscal cliff is january 1st. your $4 trillion deal is like a...
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Dec 5, 2012
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not the tax rates. cut the spending, not the -- >> gretchen: it's kind of like that duh sound on the simpson show. people know this. people know this is what it's going to come down to yet it's this posturing. now headlines, chaos in cairo. president morsi returning to his palace overnight. he took off amid violent protests between police and protests, 100,000. they're outraged over morsi expanding his powers. hello, you elected him -- but the muslim brotherhood calling for its own protests over alleged abuses by the opposition. several tv stations in egypt going back to protest the constitution drafted by islamists. >>> new chilling surveillance video showing the moment when a barista came face-to-face with her killer. you can see 18-year-old samantha make the coffee and then raise her hands as if she's being held up. he makes her turn off the lights and climb through a window before tying her hands behind her back, chilling. the f.b.i. says he then sexually assaulted and he killed her. he's confessed
not the tax rates. cut the spending, not the -- >> gretchen: it's kind of like that duh sound on the simpson show. people know this. people know this is what it's going to come down to yet it's this posturing. now headlines, chaos in cairo. president morsi returning to his palace overnight. he took off amid violent protests between police and protests, 100,000. they're outraged over morsi expanding his powers. hello, you elected him -- but the muslim brotherhood calling for its own...
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Dec 7, 2012
12/12
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LINKTV
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the system reduces misunderstandings, but mainly it creates records for tax purposes. when an economy becomes this complex, it opens up more opportunities for the state to collect a percentage for itself. such complexity also increases the need t is the job of haaj abdelaziz sakkout. interpreter: if the brokers have a problem, they come to us. we all solve the problem. even if we fight first, we solve the problem. keach: mr. sakkout is employed by market officials. he occasionally serves as auctioneer if asked, but in the main, his job is to settle disputes. everyone in the fez tanning industry is dependent upon others. the man who dries the finished skins cannot function without those who remove the hair, or without any of the other specialists in the trade. with so many dependent upon forces outside their control, new institutions inevitably develop. in fez, every specialty within the tanning industry has its own guild or craft association. the guilds serve their members by setting standards, restricting membership and controlling prices whenever possible. but perhap
the system reduces misunderstandings, but mainly it creates records for tax purposes. when an economy becomes this complex, it opens up more opportunities for the state to collect a percentage for itself. such complexity also increases the need t is the job of haaj abdelaziz sakkout. interpreter: if the brokers have a problem, they come to us. we all solve the problem. even if we fight first, we solve the problem. keach: mr. sakkout is employed by market officials. he occasionally serves as...
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Nov 29, 2012
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capital gains tax. and you even have me going, okay, so what is wrong with the party that believes in free enterprise, that believes in fair play, that believes in working-class americans being able to work hard and start their own businesses? and create their own new jobs and hire their own people? what's wrong with raising the capital gains tax from 15% to 20%? what's wrong with warren buffett's idea of having a minimum tax for the super rich of 30%? so people making the type of money warren buffett makes, the type of money that mitt romney makes, the type of money that bill gates makes. those people aren't paying 14% taxes when the rest of americans are carrying the full load. >> i think to your point about the party on this issue, absolutely. i think the party has a window now to come to the table in an honest way to be, again, the party of the middle class. more importantly, joe, to be the party of the poor, to make the argument of elevating people out of poverty into ownership through our tax syst
capital gains tax. and you even have me going, okay, so what is wrong with the party that believes in free enterprise, that believes in fair play, that believes in working-class americans being able to work hard and start their own businesses? and create their own new jobs and hire their own people? what's wrong with raising the capital gains tax from 15% to 20%? what's wrong with warren buffett's idea of having a minimum tax for the super rich of 30%? so people making the type of money warren...
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make sure you talk to the tax attorney before you do so, so you don't get in trouble down the road. >> bob: good. greg, i am sure you have given out money. >> dana: is there something i'm missing? >> greg: no. miss manners is a 55-year-old fat guy named vick. if you loan money, do it exchange for services. i mean to my mother recently and she spends most of her time in my garage polishing the unicorns. she is there seven to eight hours a day in the garage. she enjoys it in the long run. hard soccer good. >> andrea: she must have borrowed a lot. expensive job. >> greg: it keeps her eating. >> bob: vu you deep pockets. you give money to relatives? >> andrea: says who? not as deep as you. the problem with the letter, the woman asked if she should offer to help in money is like matters of the heart. unless somebody asks, you don't offer to get involved in their problems because they might not necessarily want your help or they might not want you knowing. do you let your family and friends knowing you are having money problems? if you do, maybe it's good thing. they say don't come to vacat
make sure you talk to the tax attorney before you do so, so you don't get in trouble down the road. >> bob: good. greg, i am sure you have given out money. >> dana: is there something i'm missing? >> greg: no. miss manners is a 55-year-old fat guy named vick. if you loan money, do it exchange for services. i mean to my mother recently and she spends most of her time in my garage polishing the unicorns. she is there seven to eight hours a day in the garage. she enjoys it in the...
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Dec 4, 2012
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but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medicare, and doing some cuts there under this plan. but compare it to the white house plan, very different than what's on the table there. $1.6 trillion in new taxes. that is two times the amount in the boehner plan, and also, of course, includes increasing those income tax rates for the wealthy. $400 billion to medicare and other entitlements, that's $ 00 billion less than in the speaker's counteroffer and this would force congress to give up its debt limit vote which is a nonstarter for house republicans. the white house saying that boehner counteroffer is nothing new, that it lacks specifics. but i will tell you, zoraida, that one house democratic aid telling cnn that it passed the laugh test. so certainly i guess it could have been worse in some estimations by democrats. >> i suspect some people were laughing. brianna keilar live at the white house for us, thank you. in the next
but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medicare, and doing some cuts there under this plan. but compare it to the white house plan, very different than what's on the table there. $1.6 trillion in new taxes. that is two times the amount in the boehner plan, and also, of course, includes increasing those income tax rates for the wealthy. $400 billion to medicare and other...
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and tax increases. >> yeah. speaking of which, bob, at least over the weekend, it looks like the white house has moved their piece, and they are not going to move again until the republicans table something. how do you see these things going down? we've got three weeks to play with here before everybody really does leave for the holidays. are you optimistic? >> i'm optimistic by nature. and i have a feeling that when the economic future of the country is at stake or at least the near-term economic future of the country, people are going to rise above and do the right thing. and i think the republicans, frankly, are going to have to accept some tax increases. the wealthy are going to have to accept some tax increases, even if only temporary. but on the other side, there's got to be massive spending cuts and entitlement programs, because you can't have the -- a minor revenue increase without a decrease in spending. and then again, my favorite solution would be a temporary national sales tax, and a federal fuel tax
and tax increases. >> yeah. speaking of which, bob, at least over the weekend, it looks like the white house has moved their piece, and they are not going to move again until the republicans table something. how do you see these things going down? we've got three weeks to play with here before everybody really does leave for the holidays. are you optimistic? >> i'm optimistic by nature. and i have a feeling that when the economic future of the country is at stake or at least the...
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hikes, one third tax cuts. and i remember saying do you think this will work, they're raising the v.a.t. tax and i understand italian household debt isn't that high, but they were trying to tax their way out of a massive debt problem and in fact receipts went down, consumption fell to 4.25 annualized rate and the situation got much worse. today italy has zero nominal gdp grets. and they're funding at 4.5%. that is a bad business model. spain same story. so when you bnk our package and what's been offered so are far which appears like $1.6 trillion in tax hikes against $400 billion of entitlement cuts over time, that's an even worse mix than the two-thirds/one-third european structure that really has gotten a negative reaction. >> how much is because of the mix and how much of it just this is what austerity looks like? >> is the money in capping deductions or raising marginal tax rates? it's in capping deductions. but that's tough because you have to tell someone no like the housing lobby or charitable contribut
hikes, one third tax cuts. and i remember saying do you think this will work, they're raising the v.a.t. tax and i understand italian household debt isn't that high, but they were trying to tax their way out of a massive debt problem and in fact receipts went down, consumption fell to 4.25 annualized rate and the situation got much worse. today italy has zero nominal gdp grets. and they're funding at 4.5%. that is a bad business model. spain same story. so when you bnk our package and what's...
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pxp is a deal maker but ready to trade because capital gains taxes are going up. could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth quarter because of these job cuts even though it expects them to generate $900 million in cost savings next year. interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking
pxp is a deal maker but ready to trade because capital gains taxes are going up. could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those...
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Dec 4, 2012
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. pretty sweet, huh? cute. but don't you have any apps on your phone that can make your life easier? who do you think i am, quicken loans? at quicken loans, we'll provide you with myql mobile. this amazingly useful app allows you to take pictures of your mortgage documents using an iphone or android smart phone... so you can easily send them to us. one more way quicken loans is engineered to amaze. ooh, la-la! there's a health company that can help you stay that way. what's healthier than that? >>> the fiscal cliff looms at the end of the month. president obama standing firm in this interview he did today with bloomberg tv. >> we're going to have to see the rates on the top 2% go up. a
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. pretty sweet, huh? cute. but don't you have any apps on your phone that can make your life...
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Nov 29, 2012
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no tax increases at all. continue the tax break but the wealthiest 2% will have to help us deal with the deficit. >> as always, senator, you make your case very passionately. i want to play you a bit of sound from the white house senior adviser david plouffe in talking about how to resolve the fiscal cliff crisis. listen to this. >> we also need to engage in entitlement reform. medicare, medicaid carefully. these are cheap drivers of our deficit. we made progress with obama care. there's more we need to do. >> we need to engage and the white house is acknowledging this. do you not go along with the president? >> yes, sometimes i disagree with the president. >> yes, that is true. >> but if we are talking about making medicare more efficient, lowering the cost of prescription drugs to medicare, that's a reform along with their other reforms. >> how about this reform, raising the eligibility for medicare from 65 to 67 over several years? >> no. >> why not? >> why not? because there are working people out there w
no tax increases at all. continue the tax break but the wealthiest 2% will have to help us deal with the deficit. >> as always, senator, you make your case very passionately. i want to play you a bit of sound from the white house senior adviser david plouffe in talking about how to resolve the fiscal cliff crisis. listen to this. >> we also need to engage in entitlement reform. medicare, medicaid carefully. these are cheap drivers of our deficit. we made progress with obama care....
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and the restoration party has reportedly vowed to cut corporate income taxes. two of japan's top high tech firms have decided to join forces in a bid to power up overseas rivals. more live from tokyo. in respect. >>> there will be a joint venture by january 2014. the integration will cover gas turbines and power systems mainly for thermal power plants as well as business but it will not include nuclear power operations. am sales of the new company is estimated to total around $13 billion, a close third in the global thermal power market. infrastructure demand continues to grow worldwide. shares surged following the nikkei report just before the bell. and that's all from me. back to you, kelly. >> thanks very much. samsung may have found a way to get a leg up defense japanese rivals on on the digital camera front. cheri has the details from seoul. >> yeah, samsung today took the wraps off its new android powered digital camera. the camera that has a smart phone like tendencies allows users to upload their photos to their favorite social networking site wirelessl
and the restoration party has reportedly vowed to cut corporate income taxes. two of japan's top high tech firms have decided to join forces in a bid to power up overseas rivals. more live from tokyo. in respect. >>> there will be a joint venture by january 2014. the integration will cover gas turbines and power systems mainly for thermal power plants as well as business but it will not include nuclear power operations. am sales of the new company is estimated to total around $13...
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he didn't mention anything about tax increases. but then he says, well, you come to the table and it all comes down to math. it didn't add up. that's why he needs tax increases. >> elections change things. >> math. >>> well, there will be a full court press on capitol hill later this morning as officials from northeast push for billions of dollars in federal aid in the wake of hurricane sandy. senators from hard-hit states are among those scheduled to test final the governors of new jersey, new york and connecticut are teaming up to request almost $83 billion in federal help. >>> also on capitol hill, the senate has just passed its version of a defense bill. it's a $631 billion measure. it calls for a quicker withdrawal of u.s. troops from afghanistan and tougher sanctions on iran. it would also give military personnel a 1.7% raise. that vote was 98-0. unanimous. the senate and house must work out a compromise. >>> now we turn to egypt where tv stations are expected to go dark today in protest over the president's recent power grab
he didn't mention anything about tax increases. but then he says, well, you come to the table and it all comes down to math. it didn't add up. that's why he needs tax increases. >> elections change things. >> math. >>> well, there will be a full court press on capitol hill later this morning as officials from northeast push for billions of dollars in federal aid in the wake of hurricane sandy. senators from hard-hit states are among those scheduled to test final the...
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that is where the tax should start. senator bob corker, former businessman is very outspoken on this as well. he will speak to the israeli ambassador on the latest developments overseas. that is "fox news sunday". our thanks to chris as we always see mr. sunday, on sunday afternoon and sunday morning depending where you are. bill: no shortage of topics. martha: no. bill:. recording your every move while you drive. while the same kind of black box found in an airplane could be standard on the next car that you buy. plus there's this. martha: wow! a car plowed into a store. the bizarre accident was caught on tape. we'll show you what happened. we'll be right back. you can't argue with nutrition you can see. great grains. great grains cereal starts whole and stays whole. see the seam? more pcessed flakes look nothing like natural grains. i'm eating what i kn is better nutrition. mmmm. great grains. search great grains and see for yourself. bill: well, if you drive, and many of you do you do not know this just yet. soon the
that is where the tax should start. senator bob corker, former businessman is very outspoken on this as well. he will speak to the israeli ambassador on the latest developments overseas. that is "fox news sunday". our thanks to chris as we always see mr. sunday, on sunday afternoon and sunday morning depending where you are. bill: no shortage of topics. martha: no. bill:. recording your every move while you drive. while the same kind of black box found in an airplane could be standard...
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cut shouldn't have their taxes raised. my suggestion was let's take the one area we agree and take it off the table. >> but zoraida, as you saw there from the president earlier in that bloomberg interview, he is digging in, saying there can't be a deal unless upper income americans pay more. middle-class americans should get the bush era tax cut extension. is he not backing down from that at all. the president saying in that interview that he's not being stubborn. he's not being partisan but rather that it's, quote, a matter of math. >> we've been talking now for a while that americans blame republicans if a deal doesn't go through. new polling shows americans are pessimistic a deal will be reached at all. break down those numbers for us. >> the tune that we're seeing now from not only the white house but also members up on capitol hill where they once were very optimistic that a deal would get done, there's more pessimistic about a deal getting done. so this is reflected in that poll when people were asked whether or not
cut shouldn't have their taxes raised. my suggestion was let's take the one area we agree and take it off the table. >> but zoraida, as you saw there from the president earlier in that bloomberg interview, he is digging in, saying there can't be a deal unless upper income americans pay more. middle-class americans should get the bush era tax cut extension. is he not backing down from that at all. the president saying in that interview that he's not being stubborn. he's not being partisan...
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Dec 1, 2012
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businesses aren't waiting for a deal, they're rewarding shareholders with special dividends ahead of higher taxes in 2013. >> susin
businesses aren't waiting for a deal, they're rewarding shareholders with special dividends ahead of higher taxes in 2013. >> susin
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tax hikes for the rich x. republicans want tax reform and eliminate deductions and closing the loop holes. the president said on twitter, there can't be tax cuts at the rich at the expense of domestic programs. >> the biggest problem with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president will meet with governors and representatives of big business to discuss the plan and house speaker jone boehner will meet with the governors and plans to conduct rallies with small business owners and not sure when they will sit down and talk again. >> steve: thank you very much, kelley. we heard there are a number of democrats willing to jump off of the cliff schumer to name one. the white house is telling democrat reporters that the president is not eager to but he is willing to go off of the cliff if the republicans don't agree to raising income tax rates. >> gretchen: that is not surpris
tax hikes for the rich x. republicans want tax reform and eliminate deductions and closing the loop holes. the president said on twitter, there can't be tax cuts at the rich at the expense of domestic programs. >> the biggest problem with president obama is he is a small-pinded president in big times . he talk about 35-39 that doesn't get us out of debt. >> that is tough rhetoric for senator lindd say graham. the president will meet with governors and representatives of big business...
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>> i think it's tax relateded selling. few stocks chair s compare to performance that apple has given you. if you're a long investor, you think, the other guy knows more than me. trust me the other guy does not know more than you. it's just that fundamentals are deteriorating as the stock falls and people feel they are missing something. they're not missing anything. this is a tax related selloff and it's a tremendous buying opportunity at 7.5. >> we're seeing the pressure from the institutional side, probably pressure from the -- individuals might just simply get frightened off and now the result in selloff will lead to the stock being in stronger hands? >> i think that's exactly right. i think a lot of these investors will come back to apple after the tax related selling, whether that's in a week or two or sometime this year. >> we have a half dozen technicians focused on the selloff. historically they're only up 4, so a phenomenal november for the apple monitor, which are suppliers to apple. >> today just in today's ses
>> i think it's tax relateded selling. few stocks chair s compare to performance that apple has given you. if you're a long investor, you think, the other guy knows more than me. trust me the other guy does not know more than you. it's just that fundamentals are deteriorating as the stock falls and people feel they are missing something. they're not missing anything. this is a tax related selloff and it's a tremendous buying opportunity at 7.5. >> we're seeing the pressure from the...
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on our taxes and that fast-approaching fiscal cliff. president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's talking out, justifying why he took the photo. and why so many other folks were running away. there's nobody there trying to help him off the tracks. >> he says he was trying to help. we're going to get into that. >>> also, you guys over there took advantage of the spring weather yesterday. >> yes, we did. we needed a walk. but more importantly, we needed to see our old pal, robin. we got to walk through the riverside park, as the sun was setting on a beautiful day in manhattan. it's always the case. she's always the -- >> she looks fantastic. >> she is the best med
on our taxes and that fast-approaching fiscal cliff. president obama has rejected the latest republican offer. he's taking a very hard line in the talks. >>> there's growing outage here in new york city over a front-page photo from "the new york post" yesterday. this man has just fallen down on the tracks. is just seconds away from a subway train hitting and killing him. many people upset why the photographer was taking the picture and not helping the man. this morning, he's...
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Dec 6, 2012
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keep the employee payroll tax at 4.2% next year. to keep the economy growing -- there is good evidence of that in the last couple of months? job growth of about 511,000. to keep that momentum going, we should alwaprovide tax credits o small businesses. my legislation includes such an incentive for small businesses to grow. i am confident that congress will again be successful in reaching a compromise in the days ahead. i look forward to hearing today from the experts that we have before us today on how to reduce the deficit while protecting middle income families. as we enter the holiday season,
keep the employee payroll tax at 4.2% next year. to keep the economy growing -- there is good evidence of that in the last couple of months? job growth of about 511,000. to keep that momentum going, we should alwaprovide tax credits o small businesses. my legislation includes such an incentive for small businesses to grow. i am confident that congress will again be successful in reaching a compromise in the days ahead. i look forward to hearing today from the experts that we have before us...
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spending tax. >>> a new legislative session will start today. democrat are allowed to raise taxes with little fear of republican opposition. but leaders say they are gonna avoid doing that since voters just passed prop 30. republicans, as well as governor brown, will be watching. >>> this month, the state is going to pay public schools and community colleges, the 1.9 billion it owes them. it is money that should have been paid out for over the summer but it was deferred until january. >> now, thanks to proposition 30, the state won't have to wait until then and then the schools will get another payment. >>> students in five states will be spending more time in school. select schools in colorado, connecticut, massachusetts, new york and tennessee, are scheduled to announce today, they are adding 300 hours of class time to the calendar. officials have not said whether they plan to make the school days locker or extend the year. supporters say this will help -- longer or extend the year. supporters say this will help struggling students. >>> muni a
spending tax. >>> a new legislative session will start today. democrat are allowed to raise taxes with little fear of republican opposition. but leaders say they are gonna avoid doing that since voters just passed prop 30. republicans, as well as governor brown, will be watching. >>> this month, the state is going to pay public schools and community colleges, the 1.9 billion it owes them. it is money that should have been paid out for over the summer but it was deferred until...
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the 2001 tax cuts about to expire. senator reid on the floor, the democrats did not want to extend all tax cuts, just some of the tax cuts, and he was trying to create an impression that, at the time, that republicans were obstructing the process and what the democrats wanted to do, but in reallots what reid was trying to do, i believe, was set the agenda and create an environment so that he could win politically and set up after the quote, a rare weekend session in the senate where he had two votes, no republican amendments allowed, and he set this up to show that republicans were obstructionists, and that they would not go along with what he said was good for the country, and this was a public relations ploy designed to shift attention from the democrats inability to come along with what republicans wanted to do, which is fine, their prerogative k to republicans saying we don't want to go along with what the democratsment to do. in short, he was seeking to control the agenda, and i think that's the real issue here. c
the 2001 tax cuts about to expire. senator reid on the floor, the democrats did not want to extend all tax cuts, just some of the tax cuts, and he was trying to create an impression that, at the time, that republicans were obstructing the process and what the democrats wanted to do, but in reallots what reid was trying to do, i believe, was set the agenda and create an environment so that he could win politically and set up after the quote, a rare weekend session in the senate where he had two...
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-- not touch this middle class tax bill. that worst case scenario they could come up with and i think kimberly wrote an op-ed about how the republicans could actually say, hey, he won't deal with us, fine, we'll give him the middle class tax rates and that's it. but you could see we now it's a debate, will it be a small deal like the one we described or the big deal? >> what do you think about boehner and the president both agreeing 0 to get together one-on-one? >> it's about time. you needed the two weeks, i think. you hate to say it. you had to kill some time. you had to let the posturing happen. that's what washington feeds on. fair enough, it's just what they do. >> does this mean that john boehner has the confidence of the republican caucus, that he can go into a negotiating room with the president and not worry about getting, you know, having to pull 12 knifes out of his back after he comes back with a proposal? >> i think the whole thing of political posturing is a big issue n. talking with him and others, there hasn'
-- not touch this middle class tax bill. that worst case scenario they could come up with and i think kimberly wrote an op-ed about how the republicans could actually say, hey, he won't deal with us, fine, we'll give him the middle class tax rates and that's it. but you could see we now it's a debate, will it be a small deal like the one we described or the big deal? >> what do you think about boehner and the president both agreeing 0 to get together one-on-one? >> it's about time....